DEGIRO review 2023

DEGIRO is a stock trading platform that’s easy to use and provides its users a vast amount of information and options. There are lots of different ways to trade and the platform provides things like streaming quotes and market news to help you make better investment decisions.

What can I do with DEGIRO?

You can trade a wide array of assets on DEGIRO, from shares and ETFs to options and futures contracts. It offers a high quality trading platform along with low commissions on stocks listed on all the major exchanges, including Australia and Tokyo.

There are a few different account types on DEGIRO, most notably a day trader account for the most active traders. That flexibility extends to how easy it is to use and the fact its available both on web and through a mobile app, which is not available for all the other accounts we have on our reviews.

DEGIRO markets, assets, and options

What assets and products can you trade on DEGIRO?

DEGIRO gives you access to 30 stock exchanges around the world, including popular markets in Europe and the US and many of the leading stocks in the world, like Amazon, Google, and Tesla.

You cannot buy or trade cryptocurrencies directly with DEGIRO. Your only option is to purchase shares in an ETN, or ‘exchange-traded note’, that tracks the performance of a market or asset. You can use Bitcoin and Ethereum ETNs through DEGIRO to gain exposure to these coins.

What leverage trading options are there?

The maximum leverage ratio available is 300x and is reserved only for active professional traders. This is fairly standard among traditional online stock brokers.

Trading with leverage carries with it an additional layer of risk and you should employ leverage with extreme caution. We do not recommend it at all for beginners and advise that you think carefully before using it at all.

What are the spreads?

Instead of spreads, DEGIRO charges low fixed commissions on each trade that starts at CHF 0.50 per trade and goes up from there depending on the asset being traded.

Fees, limits, and payment options on DEGIRO

What are the deposit and withdrawal fees, limits, and speeds?

One of the best parts of trading with DEGIRO is that there is no minimum deposit required. Also, DEGIRO does not charge any withdrawal or deposit fees. But like with many online day trading platforms, you are only allowed to withdraw your money via a bank transfer.

How much are DEGIRO’s fees and commissions?

DEGIRO doesn’t charge any direct fees for depositing or withdrawing funds but does charge fees on each trade. These vary depending on the asset you trade and, by comparison to other similar exchanges, can be up to 99% smaller. 

There is also no inactivity fee when trading with DEGIRO. 

DEGIRO trade sizes and limits

There isn’t a maximum trade limit imposed by DEGIRO, but the minimum trade size should be worth at least CHF 1.00, no matter how many shares/units you are trading.

DEGIRO trading platform

What devices can I use DEGIRO on?

DEGIRO is available both as an online platform and a mobile stock app for those who want to take their trading everywhere they go. At the moment, the broker doesn’t offer a desktop version. You can use DEGIRO on:

• PC
• Tablet
• Android mobile devices
• iOS mobile devices

Can I use DEGIRO in my country?

DEGIRO is currently available in 18 European countries, including the United Kingdom, Spain, Germany, and France. Select your country from the list below to see if it is available to you.

Is DEGIRO available in my language?

DEGIRO’s main website is available in English but you can find a full translated version of the website in other 15 languages as well. Select your language from the list below.

How easy is it to use DEGIRO?

DEGIRO’s proprietary trading platform is designed with functionality in mind, to allow you to trade quickly and easily regardless of where you are.

It’s trading platform is web-based with a complete mobile version for both Android and iOS devices that comes equipped with a QuickOrder button at the top of your dashboard for fast trades, real-time streaming prices for the major European markets and US exchanges, and a bid/order book with a depth of 5 levels.

Overall, both versions of the DEGIRO trading platform are easy to use and intuitive, providing all the necessary features and tools for both beginners and professional traders alike.

Key features

With more than 600,000 clients in over 18 countries, DEGIRO is one of the most popular trading platforms in Europe. Here are some of their strong points:

Access to global markets

DEGIRO gives you direct to market access to more than 50 exchanges around the world, from the NASDAQ, NYSE, and TSX in North America to the ASX and Tokyo exchanges in Asia & Oceania, and every single major European exchange.

QuickOrder button

Complete all your buy orders faster with the QuickOrder button found at the top of your dashboard. This will bring up a trade box where you simply need to enter your order type, the quantity, order duration, and click the order button.

Favorites list

Build a complete watchlist of all the stocks you are interested in to easily keep track of their prices. This will make your future entry points a whole lot easier.

Security and regulation

Is DEGIRO safe?

DEGIRO uses a separate custodian to hold its clients’ assets, which means they are 100% segregated from the assets of DEGIRO. All money DEGIRO receives from you is immediately invested (based on a standing order) in a Money Market Fund. It also offers standard Two Factor Authentication (2FA).

Am I and my funds protected?

DEGIRO offers 100% protection for your funds. In the unlikely case the company goes bankrupt, you should know that none of your assets are held directly by the broker. They are held by a third-party separate legal entity (SPV), completely segregated from DEGIRO itself, which offers full access to your funds whenever needed. 

The investment protection feature is available for the customers for up to €20,000. 

Is DEGIRO regulated?

Yes, as a branch of a German-regulated bank, DEGIRO is supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). It also falls under the indirect supervision of the European Central Bank (ECB) and the Dutch Central Bank (DCB).

Do I have to verify my account with DEGIRO?

Yes, it follows a KYC (Know Your Client) policy that requires all clients to submit personal information, including proof of residence and a valid photo ID, to be able to trade on the platform. However, all the information remains confidential and falls under the European Union’s data protection regulations. 

Extra information

Educational resources 

DEGIRO has its own Investor Academy which explains basic financial concepts to help you become a better investor. Along with introductory information, it takes you through how to use DEGIRO’s own tools, such as its WebTrader platform.

Tools and charting

DEGIRO’s charting features lack advanced data and are very simple. However, what it lacks in charting, it makes up for with over 20 technical indicators, real-time streaming quotes, and orders by number of stocks, as well as by the order value

Customer support

The customer support at DEGIRO is considered to be average overall, based on clients’ online reviews. It doesn’t offer a 24/7 live chat option, but you can contact the support team via phone or email and they respond fairly quickly to your inquiries.

Our verdict

DEGIRO represents the perfect choice for traders who want a simple platform with access to over 50 major stock exchanges around the world, and the added advantage of minimal fees. 

Opening an account is a fast task, with new traders typically being able to have their account verified and ready to trade in a single day. Once online, the proprietary trading platform is available anywhere, anytime and comes with a host of features from portfolio access, to streaming quotes, market news, and quick order capabilities.

DEGIRO is a multi-award winning broker that deserves a serious look from traders and investors that want to diversify their assets.